Award

Treasury Management services

TEWKESBURY BOROUGH COUNCIL

This public procurement record has 3 releases in its history.

Award

26 May 2017 at 14:36

Award Notice
TenderAmendment

11 May 2017 at 11:46

Tender Notice
Tender

03 May 2017 at 14:01

Tender Notice
Summary of the contracting process

Tewkesbury Borough Council is seeking to procure Treasury Management services, a key area within the banking and investment services industry. The contract, valued at £45,000, was published on 3rd May 2017 and the tender period concluded on 17th May 2017. The contract is set to commence on 1st June 2017 and will last until 1st June 2020. This open procedure invites tenders from qualified advisory bodies with the necessary skills to support the Council's treasury functions, which includes managing investments and providing advisory services related to the Council's financial activities in the South West region of the United Kingdom.

This tender presents significant opportunities for businesses specialising in financial advisory, investment management, and treasury services. Companies of various sizes, particularly small and medium-sized enterprises (SMEs) that have sufficient experience and expertise in managing treasury functions for local authorities or similar bodies, would be well-suited to compete for this contract. Such businesses can leverage this opportunity to expand their clientele and enhance their reputation within the public sector procurement space.

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Notice Information

Notice Title

Treasury Management services

Notice Description

Tewkesbury Borough Council is a largely rural district in Gloucestershire. The Council has gross revenue expenditure of PS35m and net revenue expenditure of PS9m. The Council has investments of between PS10m and PS20m depending on cash flow and invests monies with banks, building societies, local authorities, registered providers, pooled funds, and money market funds managed by the in-house team. The Council currently has PS14m borrowing, and this is likely to increase in future years as the Council continues its capital investment programme. Tenders are invited from suitably qualified advisory bodies with relevant experience, which are able to demonstrate sufficient skills and capacity to support the Council's Treasury function.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c8fc436b-3d79-4b0c-822f-a9f82c2c5dd5
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/9750b8ba-c42e-4658-ad11-1b18e1606e4d
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66100000 - Banking and investment services

66600000 - Treasury services

Notice Value(s)

Tender Value
£45,000 Under £100K
Lots Value
Not specified
Awards Value
£30,500 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
26 May 20178 years ago
Submission Deadline
17 May 2017Expired
Future Notice Date
Not specified
Award Date
25 May 20178 years ago
Contract Period
31 May 2017 - 31 May 2020 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
TEWKESBURY BOROUGH COUNCIL
Contact Name
Not specified
Contact Email
procurement@tewkesbury.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
TEWKESBURY
Postcode
GL20 5TT
Post Town
Gloucester
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK7 Gloucestershire and Wiltshire
Small Region (ITL 3)
TLK73 Gloucestershire CC
Delivery Location
TLK South West (England)
Local Authority
Tewkesbury
Electoral Ward
Tewkesbury South
Westminster Constituency
Tewkesbury

Supplier Information

Number of Suppliers
1
Supplier Name

ARLINGCLOSE

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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